Director Douglas G. Cole receives 28,000 Foghorn (NASDAQ: FHTX) stock options
Rhea-AI Filing Summary
Foghorn Therapeutics director Douglas G. Cole received a compensation-related stock option grant. He was awarded options to buy 28,000 shares of common stock at an exercise price of $4.08 per share. These options vest in full on the first anniversary of the grant date, as long as he continues serving on the board. Following this grant, he holds 28,000 stock options, which are scheduled to expire on June 23, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cole Douglas G.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to buy) | 28,000 | $4.08 | $114K |
Holdings After Transaction:
Stock Options (Right to buy) — 28,000 shares (Direct)
Footnotes (1)
- F1. The option vests in full on the first anniversary of the grant date, subject to the reporting person's continued service on the board of directors.
Key Figures
Options granted: 28,000 options
Exercise price: $4.08 per share
Expiration date: June 23, 2036
+1 more
4 metrics
Options granted
28,000 options
Stock options right to buy common stock
Exercise price
$4.08 per share
Option strike price for common stock
Expiration date
June 23, 2036
Option term end date
Holdings after grant
28,000 derivative securities
Total stock options held after this award
Key Terms
Stock Options (Right to buy), Grant, award, or other acquisition, underlying security, vests in full, +1 more
5 terms
Stock Options (Right to buy) financial
"security_title: Stock Options (Right to buy)"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
underlying security financial
"underlying_security_title: Common Stock"
vests in full financial
"The option vests in full on the first anniversary of the grant date"
board of directors financial
"subject to the reporting person's continued service on the board of directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What did Foghorn Therapeutics (FHTX) director Douglas G. Cole report in this Form 4?
Douglas G. Cole reported a grant of stock options for 28,000 shares of Foghorn Therapeutics common stock. The options were awarded as compensation and give him the right to buy shares at a fixed exercise price if vesting conditions are met.
What is the exercise price of Douglas G. Cole’s Foghorn Therapeutics stock options?
The exercise price for Douglas G. Cole’s stock options is $4.08 per share. This means he can purchase Foghorn Therapeutics common stock at $4.08 if he exercises the options after they vest, regardless of the market price at that time.
When do Douglas G. Cole’s FHTX stock options vest and expire?
The options vest in full on the first anniversary of the grant date, subject to Cole’s continued service on the board. They are scheduled to expire on June 23, 2036, if not exercised before that expiration date.
Is Douglas G. Cole’s Form 4 transaction a stock purchase or a compensation grant?
The Form 4 shows a compensation-related grant of stock options, not an open-market stock purchase. The transaction is coded as an award acquisition, reflecting options granted to Cole as part of his service as a director.
AI-generated analysis. How Rhea-AI works. Not financial advice.